TLDR Crypto Daily Update 2022-02-23

Magic Eden airdrop & DAO πŸͺ‚, understanding proof-of-attendance πŸ™‹, $11B ETH hacker revealed πŸ•΅οΈ

Innovation & Launches

Coinbase Adds Support for Ledger Hardware Wallets (3 minute read)

Coinbase has announced support for Ledger hardware wallets. Ledger wallet integration is now available through the Coinbase wallet browser extension. Hardware wallets like the Ledger store private keys offline to keep funds safe from hackers. They are used to physically confirm transactions. Coinbase and Ledger formed a partnership last year with a launch of a co-branded crypto debit card.

Solana NFT Marketplace Magic Eden Is Airdropping Tokens, Launching DAO (4 minute read)

Magic Eden, the top Solana NFT marketplace, is launching a decentralized autonomous organization called MagicDAO. MagicDAO will further development on the platform, provide benefits to supporters, and expand the project's ecosystem over time. Magic Eden will airdrop between 25,000 and 30,000 Magic Ticket NFTs to existing users. The NFTs will allow users to access a gated channel on Magic Eden's Discord server. They will not give users governance over the marketplace, but users will be able to vote on which projects feature on the homepage. Users will be required to link an email address and Discord account to their marketplace profile before receiving their NFTs.

zkSync 2.0: Public Testnet is Live (6 minute read)

zkSync’s zkEVM is a permissionless, Turing-complete ZK Rollup that allows developers to build and deploy decentralized applications in a low-fee, highly scalable layer-2 environment. The system is designed to avoid reliance on human operators to validate transactions, relying on cryptography instead. It will be a key component in the endgame of blockchain scalability. zkEVM is now available on Ethereum's test net. More information on how it works, the future of the protocol, and how to get started with it is available in the article.

Frax Finance Is Preparing to Airdrop a CPI-Linked Stablecoin (1 minute read)

Frax Finance will distribute its Frax Price Index (FPI) stablecoin to holders and takers of its various tokens. FPI is an inflation-resistant algorithmic stablecoin designed to fluctuate with the consumer price index data. Token holders will be eventually allowed to vote on the weighting of the goods used by the FPI to measure inflation. A snapshot of eligible wallets was taken on February 20. The date of the airdrop has still not been announced.
Guides & Resources

Play-to-Earn Guilds: A breakdown by Impossible Finance (48 minute read)

Play-to-earn games have risen in popularity over the recent months. One of the factors contributing to their rise is the emergence of play-to-earn guilds who provide benefits to the space through boosting daily active users, social media marketing, or direct financial investments. This report from Impossible Finance looks into the play-to-earn guild space to educate the community on its offerings. It analyzes eight play-to-earn guilds in detail, comparing their quantitative and qualitative aspects.

POAPs: What Is a Proof of Attendance Protocol? (5 minute read)

A Proof of Attendance Protocol (POAP) is a unique NFT given to people to prove that they have attended an event. They are minted through the official POAP smart contract on the Gnosis Ethereum sidechain. People can collect POAPs to document their physical life experiences and activity. Attendees to CoinDesk's Crypto State virtual event on February 24 will receive a POAP as a memento. More details about POAPs, such as how to claim them and how to set up a POAP for events, are available in the article.

There’s a Vending Machine in New York City Selling Solana NFTs (4 minute read)

Neon, a Solana-based NFT marketplace, launched an NFT vending machine in Manhattan back in December. It is open 24 hours a day, selling Solana NFTs for fiat currency. The machine accepts Visa and MasterCard credit cards, Samsung Pay, and Apple Pay. Buyers receive a QR code that they can use to claim the purchased NFT online. The NFTs are hidden in boxes, so buyers do not know exactly which NFT is being purchased. Neon plans to implement crypto payments later this year.

Exclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of Ether (11 minute read)

The largest Ethereum theft was in 2016 when a mystery hacker stole 3.64 million ETH from The DAO, a decentralized venture capital fund. The hack prompted Ethereum to do a hard fork, resulting in Ethereum Classic. This article discusses an investigation into the identity of the hacker by following a trail of crypto transactions and using privacy-cracking forensic tools. It claims that TenX co-founder Toby Hoenisch was behind the hack. Hoenisch denies the claim.

First Came the Kitten NFT Scam. Next Came Revenge (12 minute read)

A rug pull is when NFT-makers stop developing a project and disappear with the money. Cool Kittens was an NFT project that promised cat art and a token that would give owners membership in a decentralized autonomous organization dedicated to distributing swag and giving money to cat shelters. After launching its token and selling 2,216 NFTs, the Cool Kittens team deleted their online presence and disappeared. One of the members of the community created a new DAO with the same goals and distributed tokens to those affected by the rug pull in a 'reverse rug pull'.

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